The head of the foreign investment agency in Ireland warns of the possible change in the international investment environment after Donald Trump's assumption of office as President of the USA. "In the course of the last twenty-four months, especially from the perspective of direct foreign investments, we see a completely new and altered landscape," said Michael Lohan, the agency's managing director, in an interview for Bloomberg in Davos.
He cautioned that this could lead to a full set of new conditions, where direct foreign investments will compete, and believes that such a situation will persist after the presidential elections. "In the world of direct foreign investments, we see a transformation related to economic protectionism," Lohan added.
At the national level, he noted that there are already observable changes in economic strategy, which likely influences foreign investments, creating a more competitive environment in Ireland.
